144 Student Loan Transfer and Status Verification

Functional Group LT

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Student Loan Transfer and Status Verification Transaction Set (144) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used by lending institutions ("lenders"), guarantee agencies ("guarantors"), and secondary markets to send and receive information regarding the transfer of ownership of a student loan. It can also be used to verify the status of a student loan prior to and subsequent to the purchase of the loan. The loan status verification and transfer data includes, but is not limited to, borrower, student, and loan detail information. A potential purchaser of a student loan would use this transaction set to request information, from the guarantor of the loan, regarding loan status. This transaction set would in turn be used by the guarantor to return the verified loan status information to the requester. Subsequent to the purchase of the loan, this transaction set would be used by the purchaser to notify the guarantor of a transfer of ownership.


Max use
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
Guarantee Result DetailMandatory
Max 1
To provide information related to the disposition of a student loan
Loan VerificationOptional
Max 25
To identify the specific confirmation and exception codes for loan verification
Disbursement InformationOptional
Max 10
To specify disbursement dates and amounts for a loan
Date or Time or PeriodOptional
Max 10
To specify any or all of a date, a time, or a time period
Indebtedness for Student LoansOptional
Max 1
To provide information about previously guaranteed student loans
Reference InformationOptional
Max 5
To specify identifying information
ENT Loop
Repeat 10
Max 1
To designate the entities which are parties to a transaction and specify a reference meaningful to those entities
Use the ENT loop to identify the borrower, student, school, lender, guarantor, servicer, seller, secondary market, or all of the above.
Individual Name Structure ComponentsOptional
Max 5
To sequence individual name components for maximum specificity
Demographic InformationOptional
Max 1
To supply demographic information
Party LocationOptional
Max 2
To specify the location of the named party
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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